Wachovia - M&A Summary and Business Overview

Financial ServicesCompany

Wachovia M&A Summary

Wachovia has acquired 6 companies.

Wachovia’s largest acquisition to date was in 2006, when it acquired Golden West Financial for $25.5B. Wachovia has acquired in 5 different US states. The Company’s most targeted sectors include financial services (100%).

Wachovia Business Overview

Where is Wachovia headquartered?

Wachovia is headquartered in Charlotte, North Carolina.

What sector is Wachovia in?

Wachovia is a financial services company.

When was Wachovia founded?

Wachovia was founded in 1908.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Wachovia Corporation

Charlotte, North Carolina
United States,
www.wachovia.com

Wachovia was a diversified financial services company based in Charlotte, North Carolina. Wachovia provided general banking services, wealth management, capital management, and corporate and investment banking services.


M&A Summary

Buy vs Sell

Year ≤ '02 '03 '04 '05 '06 '07 T
Buy (1.0/yr) # 1 1 1 1 1 1 6
vol $3.3B $14.3B $3.4B $25.5B $6.8B $53.3B
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
A.G. Edwards, Inc. 2007-05-31 6.8B USD Add-on Acquisition
St. Louis, Missouri · www.agedwards.com
Golden West Financial Corp. 2006-05-08 25.5B USD Add-on Acquisition
Oakland, California
Westcorp 2005-09-12 3.4B USD Add-on Acquisition
Irvine, California · www.westcorpinc.com
SouthTrust Corp. 2004-11-01 14.3B USD Add-on Acquisition
Birmingham, Alabama
Prudential Securities, Inc. 2003-07-01 - Merger
New York, New York
Signet Banking Corporation 1997-07-21 3.3B USD Add-on Acquisition
Richmond, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 6 (100%) 53.3B (100%) - -
Total 6 $53.3B - -

By Geo

State/Country Buy Value Sell Value
United States 6 53.3B - -
  California 2 28.9B - -
  New York 1 - - -
  Missouri 1 6.8B - -
  Alabama 1 14.3B - -
  Virginia 1 3.3B - -
Total 6 $53.3B - -

Deal Values

buy # Total
> $1B 5 $53.3B
TOTAL $53.3B
Largest Golden West Financial Corp.
$25.5B (2006-05-08)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
1 (17%)

Company Summary

SECTOR

Financial Services

Established

1908

Former Name

First Union Corporation

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North Carolina Companies , Financial Services Companies , United States Companies , North Carolina Financial Services Companies , North Carolina Financial Services with Acquisitions , North Carolina Financial Services with Divestitures

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